Moscow four years later, the answer to Kiev, “Crimean” sanctions

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Photo: Gleb Garanich / Reuters

The Russian government was developing a presidential decree on sanctions against individuals and legal entities of Ukraine. On Thursday, July 19, reports “Kommersant” with reference to sources in the White house.

According to the publication, the restrictions will affect several hundred individuals and about one hundred of legal entities, including big businessmen and of the Kiev officials. For the specific names of the responsible Ministry of Economics, Ministry of industry and trade and the Ministry of Finance. Sanctions will imply the blocking of assets of parties to list in Russia and a prohibition on withdrawal of capital.

These measures are intended to reduce the negative impact on the Russian economy in connection with the imposition of sanctions. According to the interlocutor of the newspaper, they were studied as early in 2014 as a mirrored response to the actions of the Ukrainian side.

The material is not excluded that sanctions will be symbolic in nature, as may relate to fertilizer producers, “but the import of this product in Russia is negligible, and the Russian deliveries to Ukraine Kiev and successfully blocks their sanctions”.

On July 12 Russian President Vladimir Putin extended until the end of next year, the decree about the food embargo against countries that have sanctions against Russia after the annexation of Crimea in 2014.

The Peninsula seceded from Ukraine and joined Russia following a referendum in which for this option was supported by the overwhelming majority of the population. Kiev, and with it the Western countries refused to recognize the results of the plebiscite. Moscow insists that the accession of the region conform to the norms of international law.

In addition, Ukraine in 2014 accuses Russia of occupation of the breakaway republics of Donbass, and in February of 2018 officially recognized her as an occupant country in the law on the reintegration of Donbass. Moscow has repeatedly denied and continues to deny any involvement in the armed conflict in the South-East of Ukraine.

Video, photo All from Russia.

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